Transportation Management System (TMS) is a part of supply chain management that deals with the operations of transportation of goods or products. It is an integral part of the enterprise resource planning (ERP). Roadways are highly preferred modes of transportation. Major issue faced during transportation operations is congestion on the road due to traffic. Automatic number plate recognition is also part of TMS technology which is widely used in urban regions that suffer with heavy traffic issues. Using TMS technology in automatic number plate recognition reduces the networking monitoring costs and improves the control and flexibility. In addition, over speeding of the vehicles can be curbed and license plates can be recognized even during harsh weather.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the transportation management system market. The scope of this report covers the transportation management system market by its major segments, which include the types, applications, and the major geographic regions.

KEY BENEFITS OF THE REPORT

In-depth analysis of the market ecosystem and its impact on the revenue growth

Understanding of the strategies that are being adopted by the key players in this market to stay competitive

Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

The transportation management system market is growing worldwide due to several factors. Due to digitization and urbanization in cities, to cater to the consumer many industries are opting for TMS technology. E-commerce is also using TMS for enhancing its delivery operations and transportation efficiency.

Companies are also using transportation management system to keep an eye on the drivers who are responsible to deliver the products to the warehouses amidst the cities. In addition, the rise in population and congestion in the urban areas are also contributing towards the growth of transportation management systems market.

The evolution of Internet of Things (IoT) and dealing with large delivery data there are new growth opportunities for the vendors. Industries are getting revolutionized and are developing a digitalized transportation system hence the transportation management system market is bound to grow in the forecasted period.

The transportation management software market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. North America is the largest revenue generating region in this market. Dominance of North America is due to high focus on research and development of the TMS technologies. Europe follows as the second largest region contributing revenue in the transportation management software market in the year 2017. Asia-Pacific region also witnesses fast-paced growth due to increase in digitization.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s transportation management system market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.